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Construction PRO
Developer YMCI makes nice with Parramatta, wins OK for Ovation Quarter works
Developer Australia YMCI has reached an agreement with Parramatta on its application for remediation works at its $5B Ovation Quarter residential complex at Sydney Olympic Park.
Construction PRO
VSD Investments can’t block $8.5M payout to Builtcom despite appeal
Developer VSD Investments has lost an argument for withholding an $8.5 million payment claim from the builder of a 30-storey project in Sydney's inner west pending the construction company's appeal.
Suspect in online courts portal breach charged by NSW police
Cybercrime detectives have arrested a suspect in their probe of a major data breach of the NSW online court system that exposed thousands of sensitive files.
Construction PRO
Builder Kuatro fails in appeal in SOPA case against Elite Formwork
A court has ordered builder Kuatro Build to pay concrete subcontractor Elite Formwork more than $500,000 in progress payments for work on a Sydney development, finding no error in an adjudicator's determination.
Barrister reprimanded for sending ‘inappropriate’ emails to domestic abuse victim
A barrister who sent rude and intimidating emails to a domestic violence victim has been reprimanded.
Citing financial uncertainty, Star says trial in AUSTRAC case should not wait
Embattled casino operator The Star says a trial in AUSTRAC's case should not be delayed until the finalisation of a $300 million buyout offer from Balley’s, as suggested by the financial crimes watchdog.
Construction PRO
Frasers Property in $600M logistics JV with Morgan Stanley’s real estate investment arm
Frasers Property Industrial and Morgan Stanley Real Estate Investing have established a 50-50 joint industrial property venture in Australia valued at $600 million.
Construction PRO
BHP, ACCIONA Energía to explore pumped hydro facility at Mt Arthur site
Mining giant BHP and ACCIONA Energía will investigate if the site of NSW's largest thermal mine is capable of conversion into a pumped hydro energy storage facility.
Judge ends Keybridge administration, finds company is solvent
After running a successful campaign to remove three board members, major Keybridge shareholder WAM Active has convinced a court to end the investment company's administration after it provided a letter of comfort and offer to fund its debts.